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Prepaid College Trust
FAQs: The Maryland Prepaid College Trust
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Interested in the Maryland Prepaid College Trust, but still have questions? Get the answers here!
What is the Prepaid College Trust?
Who can enroll?
Do I need to be a Maryland resident?
Where can I use the Prepaid College Trust?
What is considered a Maryland Public College?
How can I use the money in the Prepaid College Trust?
What does the Weighted Average Tuition mean?
What is the current year Weighted Average Tuition?
What are Minimum Benefits?
What happens if my child gets a scholarship, grant or tuition remission? Will it affect my plan benefits?
Does the Prepaid College Trust have more than one payment option?
How do I change my payment option?
Can I pay off my account early?
Can the Plan be used towards graduate school?
Are the funds in the account refundable?
Are there any fees or expenses involved with the Prepaid College Trust?
What is a legislative guarantee?
How to Use Your Benefits
What if the student does not attend a college in Maryland?
What if the student attends school part time instead of full time?
What if a Maryland public college does not offer the program I wish to study? Can I use my Prepaid College Trust in-state benefits to go out-of-state?
What if my Beneficiary delays college attendance?
What happens to the funds if my child delays college to serve in the military?
Funding your Plan and Choosing a Payment Option
How do I open an account?
Can I change my tuition plan and payment options?
Can I transfer my account to another 529 plan?
If I rollover my Prepaid College Trust account, how much will the transferrable amount be worth?
Can I rollover my account to the College Investment Plan?
How can I contribute to the account?
Can I use Upromise contributions to fund my Prepaid College Trust account?
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